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Technology Stocks : The New QLogic (ANCR) -- Ignore unavailable to you. Want to Upgrade?

To: Logain Ablar who wrote (27527)	7/18/2000 4:58:30 PM
From: PAR	Read Replies (1) \| Respond to of 29386

It looks like today was a selloff for suckers.

To: Logain Ablar who wrote (27527)	7/20/2000 7:18:57 PM
From: J Fieb	Respond to of 29386

Tim L., SUNW did it's job very well also. Think MR of EMC was right about who the real competition is. What do they(SUNW) have that they haven't taken the curtain off of? Something.... Thursday July 20, 4:09 pm Eastern Time Company Press Release SOURCE: Sun Microsystems, Inc. Sun Microsystems Reports All Time Record Quarter; Revenues Surpass Five Billion Dollars Fourth Quarter Net Income Grew 67% on Revenue Growth of 42% PALO ALTO, Calif., July 20 /PRNewswire/ -- Sun Microsystems, Inc., (Nasdaq: SUNW - news) broke through the $5 billion quarterly revenue mark for the first time ever, in its reported results for the fourth quarter which ended June 30, 2000. Revenues for the fourth quarter were $5.017 billion, up 42 percent compared with the fourth quarter of fiscal 1999. Net income for the fourth quarter was $659.5 million, up 67 percent compared with last year's net income of $395.3 million (excluding gains on the sale of equity investments and acquisition-related charges for fiscal year 2000). Fourth quarter earnings per share was $.39, an increase of 63 percent over the corresponding period a year ago (excluding gains on the sale of equity investments and acquisition-related charges for fiscal year 2000). During the fourth quarter, special items resulted in a net gain of $92.7 million. These items were comprised of gains on the sale of equity investments of $95.8 million and an acquisition-related charge for in-process research and development of $3.1 million in connection with the acquisition of Innosoft International, Inc. Including these special items, net income and earnings per share for the fourth quarter of fiscal year 2000 were reported as $720.4 million and $.42 respectively. For the full 2000 fiscal year, Sun reported revenues of $15.721 billion, up 33 percent over the corresponding period a year ago. Net income was $1.725 billion, up 49 percent over the same period a year earlier (excluding gains on the sale of equity investments for fiscal year 2000 and acquisition-related charges for years 2000 and 1999). Earnings per share, excluding these special items, was $1.02, an increase of 46 percent from the previous year's results. Including special items, net income was $1.854 billion and earnings per share totalled $1.10 for fiscal year 2000. ``At the end of the day, the numbers tell the story regarding customer acceptance of our products and services,'' said Scott McNealy, Chief Executive Officer of Sun Microsystems. ``In every important metric, including market share gains, we had an incredible quarter. In just the last few years, our market share has risen from the number four open system server provider to an undisputed number one.'' ``Our vision, focus and execution are the driving forces behind this record setting year,'' said Scott McNealy. ``With the dramatic success of our core technology platforms, SPARC(TM), Solaris(TM), Sun StorEdge(TM), Java(TM), Jini(TM), Jiro(TM), iPlanet(TM), and Forte(TM), Sun's position as one of the Internet's leading innovators has never been stronger. Enterprises and service providers are coming to Sun to help them build out their network infrastructure and e-commerce business.'' Overall this Q results from all the players from A, Q, E, S, and probably some others say that we are in the right place at the right time? Bring on the fabric. Q suggested that they will move into software more. That is great. Will they do this internally, will they buy?? What do they need? Any thoughts out there on this?